|
Bearing manufacturer SKF has announced financial reporting of first quarter this year, it is shrinking because of its demand shrink down depart from south America which lead to sales and net profit are faced down. SKF First-quarter net sales is 15.15 billion Swedish kronor (about 2.33 billion U.S. dollars), down 10.5% year-on-year, net sales of 16.93 billion kroner ($ 2.6 billion) for the first quarter of last year. SKF's operating profit in the first quarter of this year reached 14.8 billion kroner (about $ 230 million), a decrease of 30.7% compared to the same period last year to 21.4 billion kronor (about 330 million U.S. dollars), the operating margin from 12.6% in the same period last year decline to 9.8%. SKF first quarter net profit plunged 38.3% year-on-year to 8.2 billion kronor (about $ 130 million), compared to net income of 1.33 billion kronor (about 204 million U.S. dollars). Compared with the first quarter just past, SKF its second quarter on the overall market demand is expected to remain relatively stable in the various regional markets, Europe, Asia and North America, demand will remain stable, while in South America, demand is expected to increase FAG HCS71916C.T.P4S.UL| FAG HCS71913E.T.P4S.UL | FAG HCS71914C.T.P4S.UL | FAG HCS71912E.T.P4S.UL | FAG HCS71911E.T.P4S.UL | FAG HCS7010C.T.P4S.UL | FAG HCS71906E.T.P4S.UL | FAG HCS7008C.T.P4S.UL | FAG HCS71906C.T.P4S.UL | FAG HCS71905E.T.P4S.UL |
